March Consumer Bankruptcy Filing Highest in Years

Over 149,000 consumer bankruptcies have been filed in March which is the highest monthly consumer filing total since the 2005 overhaul of the Bankruptcy Code. The March filing total represents a 34% increase from the February filing. It is also a 23% increase from the March 2009 total. These higher numbers are in part due to the economic situation and unemployment numbers.

When you are faced with filing for bankruptcy, you might not know what steps to take or how to move forward with this event. You need to understand that filing for bankruptcy does not have to be the end, but can be the chance for a new beginning. It's important that you understand that during this difficult time you do have rights that should be protected and options in resolving this matter. You can recover from bankruptcy and get your life back together in a timely manner. By working with a bankruptcy attorney, you can begin the process of settling your matter and regaining your life. A lawyer will know how to handle your case and will help you to understand what to expect during this time. With the help of an attorney, you will not need to suffer any further. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case.